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you are here: > United Korea
> Article 29
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3. National Principles
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| Article 29- Tariffs and quotas | ||
| 29.1 | Quota | |
| The existence of a healthy, efficient national economy is critical to the health of the nation as a whole. A healthy economy should involve a wide variety of industries and professions, with a general level of self-sufficiency in all skill bases. | ||
| To assist the nation shall use quotas to limit the import or harvest of certain goods and services items relating to the nation. | ||
| 29.2 | Tariff | |
| The price for items should be as competitive as possible to enable residents and corporations of the nation to maximize their spending power and general quality of life. | ||
| To assist the nation shall use tariffs to increase the import cost of certain items into the nation. | ||
| 29.3 | Dumping risk markets and fragile strategic industries | |
| Quotas shall generally be focused to addressing anti-dumping of artificially low priced items into the nations markets. Quotas shall also generally be used to protect fragile industries that are in the strategic interest to maintain. | ||
| 29.4 | Encouragement of import replacement industries | |
| Tariffs shall generally be focused to addressing the early protection of import replacement industries regarded as strategically important for the nation. | ||
| 29.5 | Executive power to set the national quota and tariff rates | |
| The Executive Government shall have the power to set quotas subject to the approval of both Houses of Parliament. | ||
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